In November 2012, the business climate in manufacturing industryrebounds slightlyMonthly business survey (goods-producing industries) - November 2012

According to the business leaders questioned in November 2012, the industrial economic situation remains negatively oriented in spite of a slightly improvement of the synthetic indicator which increases in three points: in fact, it remains very below its long-term average .

Informations rapides
No 283
Paru le : 23/11/2012
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

Manufacturing industry

According to the business leaders questioned in November 2012, the industrial economic situation remains negatively oriented in spite of a slightly improvement of the synthetic indicator which increases in three points: in fact, it remains very below its long-term average .

The turning point indicator goes up to the neutral area, indicating an economic uncertainty.

Business leaders consider that the rhythm of activity remains negatively oriented: the balance of opinion increases slightly but remains very low.

Looking at the personal production outlook, the business leaders remain pessimistic about their future activity.

Even if total order books increase and export order books are nearly steady, they are considered as very low.

The general production outlook, which represents business leaders’ opinion on French industry as a whole, gets better; this balance of opinion increases but its level remains very low.

Stocks of finished products are steady and their level is rated as above their long-term average.

tableau – Leaders' opinion: manufacturing industrial activity

Balance of opinion, s.a, in %
Leaders' opinion: manufacturing industrial activity
Manufacturing industry Average* Aug. 12 Sept. 12 Oct. 12 Nov. 12
Synthetic index 100 90 90 85 88
Recent changes in output 5 –9 –21 –23 –17
Finished-goods inventory level 13 13 7 17 16
Demand and total order levels –17 –33 –28 –41 –34
Demand and export order levels –12 –28 –27 –38 –36
Personal production expectations 5 –7 –5 –9 –7
General production expectations –9 –44 –52 –55 –40
  • * : The average of the balances opinion since 1976.
  • Source : Monthly business survey - INSEE

Graphang1 – Industrial economic climate - Synthetic Index

Graphang2 – Turning-point indicator

Graphang3 – Business leaders' opinion (manufacturing industry)